A software developer enters into a contract with a new customer to sell a software license and perform installation services. The entity sometimes sells the license and installation services separately. The installation service is routinely performed by other entities and does not significantly modify the software. The entity historically provided to new customers technical support for a 5-year period for no additional consideration. The contract does not specify the terms or conditions for the technical support services. Under ASU 2014-09, which of the following represents the performance obligations identified by the entity in this contract? Three performance obligations: (1) Software license, (2) installation services, and (3) technical support services. Two performance obligations (1) Software license and (2) installation services. One performance obligation: (1) Software license plus installation services. Two performance obligations: (2) Software license plus installation services and (2) technical support services. Revenue from contracts with customers is recognized only when an identified performance obligation in the contract was satisfied by transferring a promised good or service to a customer. A good or service is considered to be transferred when the customer obtains control. Control of a product sold is transferred to the customer only when The product is physically in the customer's possession and substantially all the consideration for the product was transferred to the seller. It is probable that the seller will collect the consideration to which it is entitled under the contract. The customer can direct the use of the product and obtains substantially all of the remaining benefits from it. The customer paid in full for the product and the right of return of the product has expired